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ETH: High move up
2023-02-21
1132
Fundamental analysis:
Ethereum maintains a shock around 1699. More than 100,000 Ethereum have been pledged through the liquid pledge product launched by Frax Finance. Currently, a total of about 100,881.4 frxETH have been issued, worth about 171 million US dollars.
Ethereum ETHUSD - 4-hour K-line chart shows:
Brief technical analysis:
Looking at the 4-hour chart: the momentum of the high-level bulls keeps oscillating and moving up, short-term bullish sentiment emerges, the market bulls continue to climb, and are about to break through the previous highs, the MACD indicator is at a high level in the bullish area, and the RSI indicator is hovering weakly on the side of the 50 balance line;
Long-short turning point: 1691
Repression: 1716, 1732
Support: 1674, 1658
Trading strategy: Bullish above 1691, target 1716, 1732
Alternative strategy: bearish below 1691, target 1674, 1658
The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.
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